Bonavista Energy Corporation
TSX : BNP

Bonavista Energy Corporation

November 03, 2014 19:07 ET

Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio

CALGARY, ALBERTA--(Marketwired - Nov. 3, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.26561 to 1.27391. This increase will be effective on November 17, 2014 (the "Effective Date").

The following are the details of the calculation of the Exchange Ratio:

Record Date
of Bonavista
Dividend
Opening
Exchange
Ratio
Bonavista
Dividend
per
common
share
Five day
Weighted
Average
Trading Price
of Bonavista
common
shares
(Prior to the
end of the
Month)
Increase in
Exchange
Ratio (1)
Effective Date
of the increase
in Exchange
Ratio
Exchange
Ratio as
of the
Effective
Date
October 31,
2014

1.26561

$0.07

$10.67
0.00830 November 17,
2014
1.27391
(1) The increase in the Exchange Ratio is calculated by multiplying the Bonavista dividend per common share by the Exchange Ratio immediately prior to the Record Date and dividing by the five day weighted average trading price of Bonavista's common shares.

A holder of Bonavista exchangeable shares can exchange all or a portion of their holdings into Bonavista common shares, at any time, by giving notice to their investment advisor or Valiant Trust Company at its principal transfer office in Suite 310, 606 - 4th Street S.W., Calgary, Alberta, T2P 1T1.

Please visit our website at www.bonavistaenergy.com for detailed corporate information.

Bonavista is a mid-sized energy corporation committed to prudently operating high quality oil and natural gas properties and providing consistent returns to our shareholders while ensuring financial strength and sustainability.

Contact Information

  • Bonavista Energy Corporation
    Glenn A. Hamilton
    Senior Vice President & CFO

    Berk Sumen
    Manager, Investor Relations

    1500, 525 - 8th Avenue SW
    Calgary, AB T2P 1G1
    (403) 213-4300
    www.bonavistaenergy.com